CSQ vs GLQ: Correlation
Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and Clough Global Equity Fund (GLQ) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and GLQ?
Over the past 3 years, CSQ and GLQ moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 271.9 %².
By 3-year correlation, GLQ places #17 of the 51 assets tracked against CSQ. Their 12-month results are close: +21.4% for CSQ against +21.6% for GLQ.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CSQ vs GLQ: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | GLQ (Clough Global Equity Fund) | |
|---|---|---|
| 1-year return | +21.4% | +21.6% |
| 5-year return | +64.2% | -3.8% |
| Volatility (ann.) | 18.8% | 16.6% |
| Beta vs S&P 500 | 1.22 | 1.00 |
| Max drawdown (3Y) | -24.2% | -19.2% |
| Market cap | $3.4B | – |
| P/E (trailing) | 3.2 | 2.7 |
| Dividend yield | 2.95% | 9.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSQ | GLQ |
|---|---|---|
| 2022 | -24.2% | -42.3% |
| 2023 | +20.9% | +2.8% |
| 2024 | +28.2% | +25.2% |
| 2025 | +16.3% | +28.5% |
| 2026 | +14.3% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and GLQ good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CSQ and GLQ?
The CSQ/GLQ correlation stands at 0.87 on a 3-year window (1 year: 0.79, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is GLQ a good diversifier for CSQ?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csq-vs-glq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csq-vs-glq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSQ correlations · GLQ correlations
